Meituan Loses 160 Billion Yuan in Valuation as Share Price F…

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Image Source: Visual ChinaBEIJING, February 18 (TMTPOST) — Lifestyle service provider Meituan (HKG: 3690)’s share price slumped after the Chinese government rolls out policies to prioritize the benefits of vendors in the takeout business.Meituan lost over HK$200 billion in valuation as its share fell by 14.86% to HK$188 per share on Friday.The National Development and Reform Commission of China and other